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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 2742023 times)
niko
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January 13, 2013, 10:27:11 PM
 #1281

Do I have to do something special to receive such an e-mail... I've send a claim email long time ago and AFAIK GLBSE sent shareholders info too....
I suggest waiting a few more days, obviously they are still processing claims and sending out confirmations every day. Busy with engineering, too.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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January 14, 2013, 02:12:54 AM
 #1282

GOOD NEWS!!!

BFL won't start shipping before Feb 10th https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html

So we have a couple more weeks to mine at lower difficulty  Grin
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January 14, 2013, 03:23:23 AM
 #1283

GOOD NEWS!!!

BFL won't start shipping before Feb 10th https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html

So we have a couple more weeks to mine at lower difficulty  Grin

However, Avalon ASIC has announced that they're shipping their first batch by the end of the week (about 20 TeraHash worth, if I remember correctly). They haven't posted pictures or videos of any prototypes, but I haven't seen any reason to doubt they're a trustworthy company either. It'll be a close race to see who's first, that's for sure!
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January 14, 2013, 01:23:22 PM
 #1284

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

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January 14, 2013, 01:39:23 PM
 #1285

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each
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January 14, 2013, 01:50:08 PM
 #1286

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each

DAMN.

kibblesnbits
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January 15, 2013, 01:07:13 AM
 #1287

got my 170-odd shares secured.
what now?

am i rich?
sell for 1 each?

Nobody is buying for 1 each

DAMN.


Give it a couple weeks  Wink

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niko
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January 15, 2013, 11:51:34 PM
 #1288

At this moment:

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
punin
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January 16, 2013, 08:47:09 AM
 #1289

Update would be nice.

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DutchBrat
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January 16, 2013, 08:48:34 AM
 #1290

Update would be nice.

Usually on Thursday
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January 16, 2013, 10:20:47 AM
 #1291

Where is my mail?  Cry
Edit: Got it! Thanks.  Grin

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January 17, 2013, 11:05:23 AM
 #1292

Seems the trend of the thursday morning (GMT+1) updates have been broken, and at such a crucial time. I wouldn't mind an update Smiley

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January 17, 2013, 12:42:49 PM
 #1293

Update

What happened last week:

1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.

We would like to say that the shareholders of ASICMINER are always in a better place now, than device users. because while  the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.

The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.

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January 17, 2013, 12:57:58 PM
 #1294

Thanks.

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January 17, 2013, 01:26:29 PM
 #1295

Update

What happened last week:

1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as sub-racks and heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.

If our competitor meets their deadline and ships the products on time, congratulations to them. However, the shareholders of ASICMINER are always in a better place now, than device users. because while  the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.

The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.

So the completed boards should be back early Feb?

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January 17, 2013, 01:30:39 PM
 #1296

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

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January 17, 2013, 01:43:39 PM
 #1297

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

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January 17, 2013, 01:47:37 PM
 #1298

Thanks for the update.

Few questions:
1. Can you say with more certainty how much TH this batch of chips (the full 12 wafers) will yield?
2. What is the status of the trading platform?
3. I am guessing the deployment will take place over a period of 2 weeks, bringing boards online as you get them, or will you get all of them back in 2 weeks or more?
4. Any ASIC miner picture you can share with us? (not the actual asic chip but a working miner)

Thanks!
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January 17, 2013, 02:20:19 PM
 #1299

Are you still confirming shares? I am still waiting.

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niko
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January 17, 2013, 02:30:37 PM
 #1300

Friedcat, thank you for the update and for all the quality work.  I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

 Huh

Please clarify.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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